Experts said that multiple goals such as current economic growth and balance of payments all point to room for further easing in currency regulation. Wang Qing, chief macro analyst at Dongfang Jincheng, said that subsequent macroeconomic policies will further strengthen in the direction of steady growth, including speeding up the issuance of government bonds and speeding up the investment of 800 billion yuan in new policy financial instruments, all of which require support from the central bank in terms of liquidity. “This means that in the short term, medium-term liquidity instruments, including buyout reverse repurchases and MLF, are expected to be renewed in large quantities to support the issuance of government bonds and the investment of bank supporting loans. This is one of the important driving forces of current monetary policy to increase countercyclical adjustment.” Wang Qing said.

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